Bobby Vedral, a Goldman Sachs partner who managed cross asset global market strats for Goldman’s securities division has left the firm. Insiders say his last day was March 9th.
Vedral’s LinkedIn profile says he’s “retired.” He graduated in 1997 and joined Deutsche Bank, putting him someone in his mid-40s now. Vedral declined to comment on his exit, but sources close to his departure said he plans to take a year out before forging a new career in a different industry.
Vedral made headlines last November for a speech he made at a private equity conference in Amsterdam where he said that the weakness of the UK government was “scary” and that a government led by Jeremy Corbyn would be a “disaster.” “If we have Corbyn, we have Cuba without the sun,” said Vedral, who is German. He added that the Labour Party would likely raise taxes on the wealthy and drive bankers and banking jobs to Europe.
Vedral’s exit comes at a time when Goldman is focused on building up its strats team under (among others) Thalia Chryssikou and Stefan Bollinger, who were promoted as the global co-heads of sales strats in March last year. Chryssikou said last year that 27% of the experienced hires in Goldman’s FICC division were strats in 2017 and CEO Lloyd Blankfein said last month that analytics will play a key role in Goldman’s attempt to increase revenues.
Vedral’s departure also comes in a “partner year” for Goldman Sachs. At the end of 2018, Goldman will elevate a new round of partners from among its current managing directors. It’s usual for existing partners to retire to make way for their newly promoted (ex-) colleagues.
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